Ameriabank reports AMD 146bn loan portfolio in 2012

Ameriabank reports AMD 146bn loan portfolio in 2012

PanARMENIAN.Net - Ameriabank CJSC ensured AMD 146 billion loan portfolio in 2012, Deputy General Director and CFO of the bank said.

“The growth totaled 7% as compared with 2011 results,” Gevorg Tarumyan told Jan 30 press conference.

The CFO further called attention to the restructuring of Ameriabank’s total loan portfolio, with the bank prioritizing lending to SMEs and physical persons.

As Mr Tarumyan noted, the SMEs lending amounted to about AMD 21 billion, increasing by 12% as compared with 2011. The bank reported 13% growth of volume of lending to physical persons against 2011 results (up to AMD 25 billion).

 Top stories
A relevant agreement was signed by the minister of finance Gagik Khachatryan and German ambassador to Armenia Rayner Morel.
The total cost of the final deal is over AMD 85.8 billon to be paid in two equal halves, after completion of the deal formalities.
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Partner news